Murphy Financial Advisors, a hybrid team managing $200 million in Amarillo, Texas, has switched affiliations to LPL from Cadaret Grant & Co. The six-person team will use LPL’s broker-dealer and corporate registered investment adviser platforms.
The group also is joining Happy Investment Services, the wealth management arm of Happy State Bank.
The team is led by Jess Murphy, who founded the firm in 1983, and his son, Nathan. It includes adviser Ryan Collins and three support staffers.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
